Luxury Retailer Tiffany & Co. Announces Jeweled Cryptopunk Pendants Tied to NFTs

The luxury jewelry and specialty retailer Tiffany & Co. announced the steadfast is readying to merchantability 250 non-fungible token passes called “Nftiff.” Essentially, Cryptopunk holders volition beryllium capable to get 1 of the 250 Nftiffs for 30 ether oregon astir $50K utilizing today’s ethereum speech rates.

Tiffany & Co. Reveals Limited Edition Jeweled Cryptopunk Pendants Backed by 250 Non-Fungible Tokens

30 ETH was trending connected Twitter connected Sunday day aft the luxury jewelry steadfast Tiffany & Co. (NYSE: TIF) announced: “The aboriginal is present and it’s called Nftiff.” Essentially, Nftiff is simply a caller Tiffany’s merchandise that aims to harvester the quality of integer collectibles and luxury jewelry. The company’s blog post astir the constricted variation Nftiff products notes the wares correspond a postulation of 250 integer passes.

However, Tiffany’s Nftiffs tin lone beryllium purchased by Cryptopunks NFT holders and a lawsuit is constricted to purchasing 3 Nftiffs. The buyers volition get a custom-designed pendant and NFT that resembles the jewelry. Each Tiffany’s Nftiff volition merchantability for 30 ethereum (ETH) connected August 5, 2022, astatine 10:00 a.m. (EST), and astatine the clip of writing, 30 ETH is astir $50,481. Buyers volition get the NFT, pendant, and shipping aft paying for the Tiffany’s-brand NFTs.

“Tiffany & Co. designers volition construe each Cryptopunk into custom-designed pendants – converting the 87 attributes and 159 colors that look crossed the postulation of 10,000 Cryptopunk NFTs to the astir akin gemstone oregon enamel color,” the company’s blog station details. The luxury jewelry institution added:

Depending connected which Cryptopunk owners acquisition pendants, each portion volition usage astatine slightest 30 gemstones and/or diamonds to make the customized designs with the highest fidelity to the archetypal NFT art. Examples of gemstones see but are not constricted to Sapphires, Amethyst, and Spinel.

Tiffany’s Digital Collectibles Announcement and the 30 Ether Price per NFT Spark Conversations connected Social Media

Tiffany’s Nftiffs were a topical speech connected Twitter, and galore radical commented connected however costly they were. “Tiffany’s is releasing 250 NFTs for 30 ETH each = $11 Million. In this market,” 1 idiosyncratic wrote. “My tendency to commencement a Web3 strategy consulting steadfast increases each day,” the idiosyncratic added. One idiosyncratic who said they enactment blue-chip NFTs connected jewelry earlier Tiffany’s came up with the idea, tweeted astir the upcoming Tiffany’s NFT launch. Nftjeweler.eth said:

When I enactment Cryptopunks connected Jewelry, everyone made amusive of me. Now [Tiffany’s] is astir to driblet 250 Punk chains and merchantability retired for 30 ETH each.

Tiffany’s says that radical request to marque definite that they are interacting with the authoritative Nftiffs contract and the steadfast stresses that nft.tiffany.com is the lone tract that volition merchantability Tiffany’s Nftiffs. Tiffany’s collaborated with the Web3 and blockchain unreality infrastructure institution Chain and nft.tiffany.com simply features a countdown timepiece and a nexus to the FAQ page.

What bash you deliberation astir the upcoming Tiffany & Co. Nftiffs? Let america cognize what you deliberation astir this taxable successful the comments conception below.